Financials for India - EBS (MOSC)

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Steps in handling Service Tax in India Localization

edited Oct 24, 2016 1:58AM in Financials for India - EBS (MOSC) 2 commentsAnswered

Hello Experts!

Environment 12.1.3 - India Localization -  PO / AP

My purchase register reports shows PO and Receipt details of appx 30 lines for a month out of which 5 entries are having Service Tax Recoverable / Non Recoverable.

All Service tax related setup is done in the application.

I am not having not having further steps that are required to be taken functionally in the application. What I understood from a accountant in another company that the service tax is having time frame of 90 days when either it can be recovered or paid.

Here in my case what steps I am required to take further for those 5 purchases out of which some are recoverable taxes and some are non recoverable. So what are steps that I am required to take in the month in India Localized Forms for this ?

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